SHANGHAI, Aug. 22,
2024 /PRNewswire/ -- Nisun International Enterprise
Development Group Co., Ltd ("Nisun International" or the "Company")
(Nasdaq: NISN), a technology and industry driven integrated supply
chain solutions provider, today announced that its largest
shareholder, Mr. Bodang Liu, has
increased his ownership in the Company through open market
purchases.
On August 8, 9 and 19, 2024, Mr.
Liu purchased an additional 102,700 shares at an average price of
$9.73 per share, investing
approximately $999,156 in total. This
purchase increased Mr. Liu's ownership from 19.36% to 21.92% of the
outstanding shares.
"We are deeply grateful to Mr. Liu for his unwavering belief in
Nisun's mission and his substantial support for our growth
initiatives," said Mr. Xin Liu, CEO
of Nisun. "This additional investment not only reflects his trust
in our business strategy but also highlights the compelling
investment opportunity Nisun offers as a profitable and growing
business, especially given our strong fundamentals and current low
valuation. With cash per share standing at approximately
$29.0, we believe the market has yet
to fully recognize the intrinsic value of our company."
About Nisun International Enterprise Development Group Co.,
Ltd
Nisun International Enterprise Development Group Co., Ltd
(NASDAQ: NISN) is a technology-driven, integrated supply chain
solutions provider focused on transforming the corporate finance
industry. Leveraging its industry experience, Nisun is dedicated to
providing professional supply chain solutions to Chinese and
foreign enterprises and financial institutions. Through its
subsidiaries, Nisun provides users with professional solutions for
technology supply chain management, technology asset routing, and
digital transformation of tech and finance institutions, enabling
the industry to strengthen and grow. At the same time, Nisun
continues to deepen the field of industry segmentation through
industrial and financial integration. Focusing on industry-finance
linkages, Nisun aims to serve the upstream and downstream of the
industrial supply chain while also assisting with supply-side
sub-sector reform. For more information, please visit
http://ir.nisun-international.com/
Cautionary Note Regarding Forward-Looking
Statements
This press release contains information about Nisun's view of
its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
raise additional funding, its ability to maintain and grow its
business, variability of operating results, its ability to maintain
and enhance its brand, its development and introduction of new
products and services, the successful integration of acquired
companies, technologies and assets into its portfolio of products
and services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, dependence on key personnel, the ability to
attract, hire and retain personnel who possess the technical skills
and experience necessary to meet the requirements of its clients,
and its ability to protect its intellectual property. Nisun
encourages you to review other factors that may affect its future
results in Nisun's registration statement and in its other filings
with the Securities and Exchange Commission. Nisun assumes no
obligation to update or revise its forward-looking statements as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co.,
Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
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SOURCE Nisun International Enterprise Development Group Co.,
Ltd